"Following the last Buccaneer resource upgrade and given the relatively high POG, ABU should have spent $100-200k of their significant cash to get a consulting group to do a scoping study on Buccaneer."
Fmx, reading that, it sounded to me like you were implying they were not working on a scoping study at all which is why I replied.
OP scoping study did only take a few months to complete after the maiden resource so we shouldn't compare time to complete studies between the two projects.
2-3 months sounds ambitious for the much larger scale Buccaneer.
OP is much smaller and only requires a very basic pre-designed gravity plant.
Also margins for Buccaneer can not be as strong as OP with the difference in grades and capex will be much higher so more attention would need to be given to details. There won’t be as much room for error as there is with OP.
It should take longer and the more work done on it the more reliable it should be.
I also expected more news from exploration but thankfully the quality of results received was excellent.
Let's see what the jorc upgrade and scoping study upgrade come up with. On results to date I think we will see strong improvements off an already very strong base.
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